Source: Washington Post
by Megan McArdle
“In recent years, a growing number of people have decided that the smart way to tackle poverty is with cash. This idea assumes that most of what ails lower-income people is their lack of funds. Without money, a broken-down car or an eviction can cascade into a job loss and other financial crises, and the stress involved can lead to health issues and other problems. Rather than try to solve these crises and problems, why not just plug the money hole? … The trouble is, much recent evidence suggests that giving people cash doesn’t actually solve their problems — at least not in the way it’s intended.” (09/03/24)